Bitcoin Shrugs Off Iran as Wall Street Return Sparks $70,000 Run

Bitcoin surged toward $70,000 after Monday’s Wall Street open as crypto markets diverged from US stocks. Data from TradingView confirmed daily BTC price gains passing 5% as the US trading session began, with BTC/USD hitting $69,788 on Bitstamp — its highest level since Wednesday.

The fallout from the ongoing Middle East conflict appeared to have no sway over Bitcoin bulls. "No re-test levels, just straight up on $BTC and $ETH to start the week," Castillo Trading wrote, adding that Binance's spot selling seems to be having less impact on price.

Traders pointed to US manufacturing data for momentum. The ISM Manufacturing PMI printed above 50, confirming industry returning to growth, and Nik Bhatia said, "Bitcoin trading well on strong US manufacturing this morning and elevated prices paid." The PMI and BTC price have traditionally been positively correlated.

United States, Wall Street

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